According to Peter King of SI.com, the Chiefs will have to give the 49ers a 2nd round pick for quarterback Alex Smith if they end up finishing with an 8-8 record or better in 2013.
A third- or second-rounder from Kansas City, the remnant of the Alex Smith deal. Now it can be told: The second draft choice San Francisco will receive from the Smith deal will be K.C.’s second-rounder in 2014 if the Chiefs go 8-8 or better this season. It will be a third-rounder in 2014 if Kansas City is under .500 this season.
I’m still amazed at how much the Chiefs gave up for Smith. Even if they don’t .500 or better, they still have to give the 49ers a 3rd round pick.